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Tax Implications of Farm Diversification
Farmers are increasingly seeking ways to stabilise their farm income and ensure the sustainability of their agricultural businesses. Farm diverification is one strategy farmers are using to achieve this. Diversifying a farming business involves branching out into new...
Succession Planning for Farms
Have you thought about succession and the long-term plans for your family farm? As agriculture makes up the highest concentration of family businesses passed through the generations, it is no surprise that succession is a key issue and is something farmers need to...
What does an accountant do?
In the UK, Chartered Accountants play a crucial role in financial management for businesses and individuals alike. They are responsible for preparing and examining financial records, ensuring accuracy and compliance with relevant regulations. Chartered Accountants...
Hi-Tech Automation – 12 months into Employee Ownership
Employee Ownership is where the whole or part of a Company is owned by, or on behalf of, its employees. The government introduced some new and relatively generous tax reliefs for employee-owned companies in 2014 and since then Employee Ownership Trusts (“EOTs”) have...
UK company size thresholds to increase
To cut complexity and burdens from legislative reporting requirements, the thresholds for company sizes in the UK are being increased by 50%. Following the Spring Budget, it has been announced by the Prime Minister Rishi Sunak that the company size thresholds will be...
The tax year ends on 5th April each year, why is this?
Well you can blame the Romans, especially Julius Caesar and Europe. Back in 1582 the Pope Gregory X111 commanded the change from the Julian calendar as there was a problem. It ran for 30 or 31 days for 11 months and it was only February that had 28 days (29 every 4...
Sir Geoffrey Vos believes AI will change principles and practices of common law
Artificial intelligence (AI) is poised to revolutionise the practice of law, potentially reshaping the principles of common law, according to Sir Geoffrey Vos, the Master of the Rolls. Speaking at the Manchester Law Society, Sir Geoffrey offered an optimistic view of...
BVA launch ‘Return to Work’ toolkit to tackle staffing problems
For veterinary practice, recruitment and retention have long been persistent hurdles. Fostering positive workplace environments is pivotal not only in attracting fresh talent but also in enticing skilled professionals back into the profession. To confront this issue...
GP contract referendum
All members of the General Practitioners' profession affiliated with the British Medical Association (BMA) have been asked to participate in a pivotal single-question referendum. The referendum seeks to gauge their acceptance of the General Medical Services (GMS)...